Up-to-the-minute advice, information, resources, and, on occasion, commentary on federal and New Jersey state income taxes, and the various New Jersey property tax rebate programs, and insights and observations on tax policy and professional tax practice, by 40-year veteran tax professional Robert D Flach.

Monday, June 20, 2016

WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’

Arguing
with dangerous buffoon Donald Trump is like debating a monkey.No matter how researched or rational your
argument is, the monkey will just throw poop at everyone and strut about like
it won.

* I have created a unique newsletter of tax
planning and preparation advice, strategies, information, and resources for the
New Jersey state taxpayers titled THE NJ-1040 LETTER.It is, I believe, the only publication
devoted exclusively to NJ state income taxes.Click on the title for a free copy of the premiere issue, and let me
know what you think of it.

The problem with this case, and, I believe,
the main reason the taxpayer lost, was the fact that he appeared “pro se” - "on
one's own behalf" – representing himself and therefore proving himself to
be the proverbial fool.As much as I
dislike, for the most part, the legal profession, the taxpayer would probably
have won if he had been competently represented, which it appears Leslie
suggests in the post.

Of course, if you read the facts of the
case, there would have been no double taxation if the taxpayer had properly
deducted as a refund the monies he gave back to the original payer in the year
he did so.But, considering the inherent
cheapness that his representing himself in court betrays, I wonder if he was
similarly penny wise and pound foolish by not paying a competent tax
professional to prepare his tax returns.

“The City of Philadelphia has reduced the
City Wage Tax rate effective July 1, 2016.

• The new Wage Tax rate for residents of Philadelphia
is 3.9004% (.039004).

• The new Wage Tax rate for non-residentsof Philadelphia who are subject to the
Philadelphia City Wage Tax is3.4741 %
(.034741).

What does this mean to you?

Any paycheck that you issue with a pay date after June
30, 2016 must have Philadelphia City Wage Tax withheld at the new rate.”

THE FINAL WORD

Right on, Conan O’Brien!

“These
are weapons of war and they have no place in civilian life.”

People need to understand that the 2nd
Amendment has absolutely nothing to do with a person’s “God-given” civil right
to own an assault rifle.The 2nd
Amendment was passed because many of the Founding Fathers were concerned about
the potential dangers of a peacetime standing federal army, which the
Constitution gave the Congress the power to "raise and support”.They wanted to secure and protect the
individual state militias.Guaranteeing
the right of the people to keep and bear arms was as a check on the standing
army.

As I tweeted last week – damn the NRA and
the gun lobby!

When are the idiots in Congress, and state
legislatures, going to do something about this other than pray?

To echo the sentiments of another tweet
from last week – I pray for a new Congress.

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AIN'T THAT THE TRUTH!

DONALD T RUMP HAS NOT DONE A SINGLE THING THAT IS "APPROPRIATE" OR "ACCEPTABLE" FOR A CANDIDATE OR A PRESIDENT SINCE THROWING HIS HAT INTO THE RING.EVERY SINGLE DAY TRUMP PROVIDES MORE PROOF THAT HE IS AN IGNORANT, SELF-ABSORBED, UNFIT, MENTALLY UNSTABLE IDIOT, AND A DEPLORABLE AND DESPICABLE HUMAN BEING.TRUMP MUST BE REMOVED FROM OFFICE FOR MENTAL INCOMPETENCE ASAP! PLEASE READ AND SHARE THIS - THE TRUTH ABOUT TRUMP'S MENTAL CONDITION

Donald T Rump has not done a single thing that anyone with intelligence would consider “appropriate” or “acceptable” for a President since deciding to run for office.

Every single day Trump provides more proof that he is an ignorant, self-absorbed, unfit, mentally unstable idiot, and a deplorable and despicable human being, who must be removed from office ASAP.

VERY IMPORTANT -

(1) Before contacting me with questions about how a blog post relates to your specific situation, please be aware that I do not give free tax advice to non-clients by e-mail, comment response, or phone. So don't waste your time and mine.

(2) I am winding down my tax practice, and I will not, under any circumstances, accept any new clients. Period. I am actually trying to "thin the herd".